Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-09-27
REVIEW or rHB CHICAGO HARKErs

CHICAGO, September e6-The grain markets
during the early part Of the session showed
more independence OF each other than for
some time. operators appear 70 90 getung
over their indiferences and are Individually At
work on the problem OF future prices Cables
we're frm and receipts moderate. News re-
Earding crops was insignificant and prices
moderately active. Wheat opened somewhat
unsteady with AZ upward tendency, credited 70
covering 10y shorts. continued active through
out the session, ard st times considerably ex-
cited. twas an od-fashioned bullday. Prices
were advanced &c. above the closing figures
Of SATURDAY, the tmproyepent being gradual
at i,ai-sBc. at the time. ltwas intimated early
ia the day that the visible supply would show
a larger decrease than had been calculated
upon, and this Induced free buying, with tho
shorts covering freely by the une the visible
supply was announced prices had advanced
ac.. and when tho announcement OF $4,000
bushels decrease was made prices were further
advanced Nc. ana the closing was decidedly
strong. fair portion Of the trading was COM
prised IN the buying 0t OCTOBER AMI selling for
November, December, aud May at ruling diff
ferences. The receipts al Duluth and Mime
apols were liberal, Tut small At all other points
Com was lrmor with trading quits active,
near futures In particular showing considers
bic strength. The opening was al a shade al
vance over the closing prices OF saturday,
after which tie market ruled steady. then be-
came quite active, and prices advanced AaAc.
for near futures and ,.a%c. for May. ruled
steady. aud ~ Z. NJ. was sa1c. higher for
near futures ami ',c., higher fOr May than tho
closing prices Of Saturday. The receipts were
less than expected ani arrivals Tor tomorrow
SIS cars-not large considering they are tor
forty eight hours. In the afternoon the mar
ket sold Oh &c. all sround ON realizing by
longs and the weakness In wheat Oats were
degree steadier. but there was no material
change In values, except for May, which ranged
&c. higher. The marset did net seem to gain
any 10 speak Of from tho improvement
Ia corn and wheat, for the speculative demand
was rather slack. Neither vas IL afe;ted par
ucuarly by the afternoon weakness PrOyt-
sions we're moderately active but unsettled.
Tho receipts OF hogs were liberal aad prices
5alOc. lower. he feature Of trade was shake
out IN October IN prt-Iibs. Almost everybody
had few waiting for Armour or somebody
else TO put the price up for them to unload.
they found instead that tho manpulators had
pulled out the pegs. All wanted ~ sell at once.
I he first transactions were at 2Uc. decline
ffom Saturdays closing. which was followed
by break. with hardly a breathing spell, 10
s. %, but rallied 10 G.S1k, or @hc. lower than
Saturday. and closed finally ut 2lsc. below that
Ggure. January opened at a.. lower at 500.
The shorts became scaced and bought freely,
| and trices advanced l0c TO fd30, and closed
steady as the old pricc-i6. 25at6.GH. Lard was
fairly active, aud sold lower early, but rallied
and closed steady. stocks have been reduced,
and the shorts we're less inclined 20 sell after
he nrst weakness. Mess-pOrk came In Tor
moro attention. aud advanced lj,. from tho
| opening price, but rested finally az the closing
prices VI last week.